How can I trade in my car that has negative equity?

If the current loan payoff value on your car is greater than the trade-in value of the car, you have negative equity. The dealership slang is that you're "upside down" in the car. It's possible to ...
Read More »http://www.answerbag.com/q_view/1909261

What is negative home equity?

MSN Money cites a study that found nearly one in 10 homeowners were in negative equity situations with their mortgages in 2005. Non-traditional loans allowed homeowners to borrow more money than th...
Read More »http://www.answerbag.com/q_view/2011825

Can I refinance with negative equity?

"Negative equity" means you owe more on your home loan than the house is actually worth. To refinance, you'll have to come up with enough cash to pay down your debt so that your loan balance is les...
Read More »http://www.answerbag.com/q_view/2146497